An employee lost his 90% vision while discharging office duty. He is now not able to perform any kind of work. The company has offered him some lumpsum amount on humanitarian grounds so that he can complete his childerns education and other duties.
Whether that amount would be taxable or treated as capital Receipt?
Menu
Capital Receipt vs Revenue Receipt
Replies (2)
If it is medical expenses reimbursement granted it's not taxable.But, the hr policies must be logical to justify his payment for medical policies.
Employer to employee payments covered under salary only
Recent Topic
- Section 194DA
- CPA for US tax
- LTCG on unlisted foreign shares acquired in inheri
- SBI Funds Management IPO Allotment on July 17: Lis
- PF Final settlement shown in Salary Form 16 FY 26-
- ITR3 online utility: Part B TTI is populating fiel
- Sale of rural agriculture land
- How to show Capital Gain on gifted property
- TIS Glitch Alert : inflated summary
- IT returns of partners
Related Topics
CAclubindia
